Attus Technologies has unveiled WatchDOG WinPro, a new desktop compliance application enabling businesses to compare their customer lists against multiple watch lists from the US, including OFAC’s SDN list, as well as lists from the EU, Asia and other countries.
The new desktop compliance application also reportedly enables businesses to create ‘unblocked’ and ‘blocked’ customer lists from their search results to reduce the effort needed on future searches.
The company said that the new application is equipped with WatchDOG Pro’s signature, enhanced name search algorithm and matching and disqualification techniques which provide improved results and fewer false positives. It also produces reports indicating the date, customers’ names and the outcome of searches which provide an audit trail of all activity.
The company claims that the financial institutions involved in international ACH transactions (IATs) would also benefit from the ability to scan their IATs against OFAC and other watch lists in preparation for new federal IAT rules.
Tom Fedell, president and CEO of Attus, said: Every business is unique and the choice between a web-based or desktop solution depends on the business’ individual needs and preferences. No matter what their access preference, we wanted to make sure clients had the most comprehensive solution available to them for dealing with their OFAC, USA PATRIOT Act, FinCEN and other compliance requirements.
